The Nigerian naira weakened further on Wednesday on the back of strong demand for the dollar even as the central bank pledged that it had no plans to devalue the local currency. The naira fell to 163.6 to the dollar on the interbank compared with 162.95 a dollar the previous […]
Tag: Nigeria
American Finance Institute to Collaborate with NAICOM
The New York, America-based, Institute of Finance has indicated its readiness to partner the Nigerian insurance regulator, National Insurance Commission (NAICOM) in the area of training and human capacity development. The institute disclosed this intention when the Managing Director, Mr. Patrick Fitzgerald, and Registrar, Mr. Currie Marcia, came on a […]
Nigeria’s UBA looking to put $2 bln into African power sector
* UBA seeks to invest $2 bln in Africa power projects * Loan book growth up 14 pct in 6 months Nigeria’s United Bank for Africa (UBA) has invested $700 million this year financing power assets in Africa’s second biggest economy and is looking to put $2 billion into power […]
